Property Description

Charming 1948 Triple Cottage Compound in Historic Dunnellon. If you've been searching for that perfect Old Florida investment or family retreat, these delightful trio of 1948 cottages with metal roofs & screened front porches for rocking chairs to view the generous half-acre+/-. is ready for you. The cottages are perfectly positioned half a mile from the Withlacoochee River boat ramp & 1 mile from the Dunnellon Rainbow River park and 5 minutes from Blue Run Park trail with walking & biking trails connecting all the way to Tampa. All three cottages have metal roofs, front screened porches, split rail fencing, updated kitchens, washer/dryer hookups. Cottages #1 & 3 are both 600sqft under air, 738 total under roof with 1 bedroom & 1-bathroom, with custom barn door to bedrooms. Cottage #2 offers 968 sqft under air, 1168sqft total under roof, includes 2 bedrooms, 2 full bathrooms, with a bonus room. Cottage #2 shows as a duplex on county property appraisers' site and could possibly be retrofitted back to a duplex. There is a 480 sq ft exterior building for storage. All three cottages have tenants, leases available for review for serious buyers.
The homes are convenient to antique shops, art gallery, restaurants, shopping & more. Ocala/World Equestrians Center are within 30 minute; Tampa & Orlando are accessible within 2 hours. Come own a piece of Real Florida In Historic Dunnellon. All 3 Cottages have their own address Cottage#1 20997 RIVER DR DUNNELLON Cottage #2 20994 W PENNSYLVANIA AVE DUNNELLON Cottage#3 20990 W PENNSYLVANIA AVE DUNNELLON

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Included Appliances

Electric Water HeaterRangeRefrigerator

Property Details

Highlights

View

Yes

Interior

Additional Rooms

Inside Utility

Appliances

Electric Water HeaterRangeRefrigerator

Bathrooms Total Decimal

4

Building Area Total

2081

Cooling

Mini-Split Unit(s)

Flooring

CarpetLaminateHardwood

Furnished

Unfurnished

Heating

Wall Units / Window Unit

Interior Features

Ceiling Fan(s)Primary Bedroom Main Floor

Laundry Features

InsideWasher Hookup

Living Area

2081

Rooms Total

3

Window Features

Wood Frames

Construction

Architectural Style

Cottage

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Wood FrameWood Siding

Direction Faces

East

Foundation Details

Pillar/Post/Pier

Levels

One

Living Area Source

Public Records

Living Area Units

Square Feet

Roof

Metal

Stories Total

Yes

Year Built

1948

Site & Exterior

Additional Water Information

The Public Boat Ramp on the Withlacoochee located 1/2 mile away, City of Dunnellon Rainbow River Park located 1 mile away

Exterior Features

Private YardStorage

Fencing

Wood

Flood Zone Code

X

I D X Participation

Yes

Lot Features

ClearedCorner LotHistoric DistrictCity LotLevelStreet Dead-End

Lot Size Acres

0.57

Lot Size Area

24829

Lot Size Dimensions

132 x 125

Lot Size Square Feet

24829

Lot Size Units

Square Feet

Other Structures

Shed(s)Storage

Patio And Porch Features

Front PorchScreened

Public Survey Range

18E

Public Survey Section

35

Road Frontage Type

Street Dead-EndStreet Paved

Road Surface Type

Paved

Sewer

Public Sewer

Total Acreage

1/2 to less than 1

Utilities

BB/HS Internet AvailableCable AvailableElectricity ConnectedSewer ConnectedWater Connected

Vegetation

Mature Landscaping

View

Trees/Woods

Water Body Name

WITHLACOOCHEE & RAINBOW RIVER

Water Source

Public

Zoning

R3A

Zoning Compatible

Yes

Financials

Calculated List Price By Calculated Sq Ft

191.73

Contract Status Change Date

2025-12-02

Current Price

399000

Feed Types

BBO

Lease Considered

Yes

Lease Expiration

2026-05-31

Minimum Lease

No Minimum

Owner Name

PENNY L & SCOTT A SPENCE

Ownership

Fee Simple

Parcel Number

3380040600

Public Survey Township

16S

Tax Annual Amount

3034.65

Tax Book Number

A-174Dunne

Tax Legal Description

SEC 35 TWP 16 RGE 18 PLAT BOOK A PAGE 174 DUNNELLON LOTS 406.407.421 & W 20 FT OF LOT 408

Tax Lot

406

Tax Year

2025

Neighborhood & Lifestyle

Community & Association

Additional Lease Restrictions

Please call City of Dunnellon, Community Development Department 352-465-8500 for more information regarding short term rental regulations & licensing requirements.

Lease Restrictions

Yes

M L S Area Major

34431 - Dunnellon

Pet Restrictions

All interested parties should check with the City of Dunnellon & Marion County Animal Control for regulations regarding but not limited to number of pets, licensing requirements & shot requirements.

Pets Allowed

Yes

Subdivision Name

DUNNELLON

Schools

Ratings

Elementary

Dunnellon Elementary School

Middle

Dunnellon Middle School

High

Dunnellon High School

Listing provided courtesy of STELLAR via IDX. Updated: Feb 11, 2026, 5:08pm.

20990 W PENNSYLVANIA AVENUE

20990 W PENNSYLVANIA AVENUE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Valerie Hanchar

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20990 W PENNSYLVANIA AVENUE

20990 W PENNSYLVANIA AVENUE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Valerie Hanchar